Not the people that hang here.

Hang in there!!!!!!! 

You can hold have to hang your license with a brokerage then pay the MLS fees monthly or quarterly to maintain access 

But Ill take down walls and hang/repair drywall wherever needed after the major issues, then I do flooring + baseboards, paint, kitchen and bathrooms, then I see where I am at on the budget and will typically try to do the rest as cheap as possible. 

Other strategies that I would recommend: 1) Start with your network - Friends and family are low hanging fruit 2) Create a brand on social media and let everyone know that you do Co-Hosting 3) Network with investors - BIGGERPOCKETS and work together to find deals and then ultimately manage their property 4) Reach out to long term rental landlords to see if they would be interested in turning their LTR into a STR 5) Reach out to cleaners who are already working with Airbnb hosts who are self-managing who would benefit from someone Co-Hosting it 

If we hang onto it - the worth should keep rising.

After seeing the property in person (only from the outside) peeking through the first floor windows you can clearly see water damage on the walls, ceilings even the fan that was installed is nearly hanging.

For all of these reasons we decided to sell the property rather than hang onto it.

Potentially you could farm out everything I am doing by having a solid management company that has solid maintenance people, BUT, for me I find that the stuff I am doing is usually the low hanging fruit(easy money) that gives me the ability to keep a tight control on expenses, while still having relatively free schedule most of the time.Hope this helps!

Yes they do, look into it.Not sure what your unit mix is but Panama CIty appears to have some respectable numbers via aidrna, look at the numbers from 25th% to 90th% to see your best and worst case scenarios...Additionally you also have super high occupancy rate so for the interest of being ultra conservative, run your occupancy at 50-60% and see where that puts you with respect to the average daily rate...again factor in low and high seasons and then do the research upfront (before you buy) to be the best by studying the best a.k.a (top properties) and see where the opportunities are to not only hang with them but surpass them...at the end it's business not personal ;)